Question

What was Ronald Reagan’s basic belief about economic growth?

Answer 1

Ronald Reagan  believed that decreasing government, spending would eventually lead to economic growth  <span />

Answer 2

Ronald Reagan´s basic belief about economic growth was that decreasing government spending would eventually lead to economic growth. One of the four pillars of Reagan's economic policy was to reduce the growth of government spending because he considered that the lower the state, the better the economy. He was a liberal who believed that the state interference in the economy would eventually result in unemployment and social problems.